OREANDA-NEWS. August 21, 2013. 1. Broad money and narrow money rose by 14.5 percent and 9.7 percent respectively.

At end-July, broad money (M2) stood at 105.24 trillion yuan, increasing by 14.5 percent year-on-year,up 0.5 percentage points from a month earlier and 0.6 percentage points from the same period last year. Narrow money (M1) registered 31.06 trillion yuan, rising by 9.7 percent year-on-year, up 0.7 percentage points from a month earlier and 5.1 percentage points from the same period last year. Currency in circulation (M0) posted 5.44 trillion yuan, increasing by 9.5 percent year-on-year. July saw a net money injection of 34.9 billion yuan.

2. RMB loans increased by 699.9 billion yuan in July while foreign currency loans decreased by USD18.7 billion

At end-July, outstanding RMB and foreign currency loans registered 73.46 trillion yuan, up 15.0 percent year-on-year. Outstanding RMB loans grew by 14.3 percent year-on-year to 68.78 trillion yuan, accelerating by 0.1 percentage points from a month earlier but decelerating by 1.7 percentage points from the same period last year. RMB loans registered an increase of 699.9 billion yuan in July, 159.8 billion yuan more than the growth in the same period last year. By sector, household loans rose by 306.7 billion yuan, with short-term loans and medium and long-term (MLT) loans increasing by 111.6 billion and 195.1 billion yuan respectively; loans to non-financial enterprises and other sectors rose by 392 billion yuan, with short-term loans and MLT loans increasing by 228.4 billion and 243.1 billion yuan respectively and bill financing decreasing by 103.8 billion yuan. In the January-July period, RMB loans grew by 5.78 trillion yuan, up 383.9 billion yuan year-on-year. At end-July, outstanding foreign currency loans registered USD 757.1 billion, up 29.8 percent year-on-year. In July, foreign currency loans dropped by USD 18.7 billion.

3. RMB deposits and foreign currency deposits dropped by 257.3 billion yuan and USD 16.5 billion respectively in July

At end-July, the outstanding amount of RMB and foreign currency deposits registered 103.28 trillion yuan, up 14.2 percent year-on-year. RMB deposits recorded an outstanding amount of 100.65 trillion yuan, rising by 14.6 percent year-on-year, up 0.3 percentage points from a month earlier and 2.0 percentage points from the same period last year. RMB deposits shrank by 257.3 billion yuan in July, 243.3 billion yuan less than the drop recorded for the same period last year. Specifically, household deposits and deposits of non-financial enterprises fell by 393.5 billion and 592.5 billion yuan respectively while fiscal deposits rose by 654.6 billion yuan. In the January-July period, RMB deposits climbed by 8.83 trillion yuan, up 1.96 trillion yuan year-on-year. At end-July, the outstanding amount of foreign currency deposits was US\\$425 billion, up 3.1 percent year-on-year. Foreign currency deposits dipped by USD 16.5 billion in July.

4. The monthly weighted average interbank lending rate for July stood at 3.54 percent and the monthly weighted average interest rate on bond pledged repo posted 3.60 percent

In July, lending, spot trading and bond repo transactions in the interbank RMB market totaled 16.42 trillion yuan. The average daily turnover posted 713.7 billion yuan, down 37.3 percent year-on-year.

The monthly weighted average interbank lending rate for July stood at 3.54 percent, down 3.04 percentage points from the previous month but up 0.76 percentage points from the same period last year. The monthly weighted average interest rate on bond pledged repo registered 3.60 percent, down 3.22 percentage points from the previous month but up 0.75 percentage points from the same period last year.

5. RMB cross-border trade settlement and RMB settlement of direct investment reached 357 billion and 30.1 billion yuan respectively in July

In July 2013, RMB settlement in cross-border trade in goods, cross-border trade in services and other current accounts, outbound FDI and inbound FDI amounted to 231.9 billion, 125.1 billion, 2.2 billion and 27.9 billion yuan respectively.

Notes:
1. Data for the current period are preliminary figures.
2. As of October 2011, monetary aggregates have included deposits of housing provident fund centers and non-depository financial institutions’ deposits with depository financial institutions.